The latest news, announcements, articles and blog posts from IDA Ireland. Keep informed about Foreign Direct Investment in Ireland.
IDA Ireland has today confirmed significant investments in the financial services sector in the first half of 2017. Over 15 global financial institutions have announced their intentions to set up or expand their operations in Ireland since January.
Bausch + Lomb, a leading global eye health company, today announced that Taoiseach Leo Varadkar TD and Tánaiste Frances Fitzgerald TD, Minister for Business, Enterprise and Innovation, officially opened a €85 million extension at the company’s Waterford, Ireland facility to help meet the consumer demand of its contact lens portfolio, specifically Biotrue® ONEday daily disposable contact lenses.
31st July 2017 - Synexa Life Sciences, a global leader in biomarker services, has announced the opening of its international headquarters in Dublin. The new centre will be home to Synexa’s global business development activities and a new Bioinformatics Lab, and is expected to create up to 30 highly skilled jobs over the next five years.
Official opening of a new expansion at BioMarin Pharmaceutical Inc. in Shanbally, Co Cork. BioMarin has recently extended its site footprint to 20 acres as the company continues to experience a rise in the global demand for its therapies to treat rare genetic diseases that mostly affect children.
21st July 2017 - IDA Ireland today welcomes Bank of America confirmation that it has chosen Dublin as the preferred location for its principal EU legal entities following the UK’s departure from the EU. Bank of America celebrates 50 years of operation next year in Ireland and Dublin is the home of more of its employees than any other European city outside of the UK. The decision was confirmed by Brian Moynihan, Chairman and CEO of Bank of America today at a meeting with An Taoiseach Leo Varadkar TD and IDA Ireland CEO Martin Shanahan.
IDA Ireland today welcomed the announcement by Citi that Dublin has been chosen as one of a number of European locations for expansion as part of its Brexit response.
IDA Ireland notes Barclays announcement today that the bank plans to use their licensed EU subsidiary to allow them to continue passported activity post-Brexit.
Galway, Ireland - July 13, 2017 - Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses came to Galway, Ireland two years ago to establish a strong and robust support team in Ireland. Known as “Gurus,” Shopify’s Irish support staff are all remote workers, meaning they can work wherever they want.
Dublin, 13th July 2017: Today, Unilever announces a new partnership between its global start-up collaboration platform, Unilever Foundry, and Dogpatch Labs, Ireland’s leading start-up hub. The Unilever Foundry is a platform for start-ups and innovators to engage, collaborate and explore business ideas with Unilever and its 400+ brands. This partnership will provide a clear path for Irish startups to gain access to the company’s marketing expertise, massive global scale and in some instances, investment funding.
Martin Shanahan, CEO of IDA Ireland, today welcomed the announcement that Beazley plc is to establish a European insurance company in Dublin.
Zendesk today announced that it is looking to hire an additional 300 staff and has agreed a lease to expand into 55 Charlemont Place in 2018, taking over 58,000 sq. ft. of Grade A office space in Dublin for its EMEA HQ following a significant growth of the local team. The announcement is supported by the Irish government through IDA Ireland
IDA Ireland, the inward investment agency of the Irish Government has today reported a very strong first half of 2017
Bank of China today announced the opening of its Dublin branch, in a sign of the growing importance of economic relations between Ireland and China. The Bank of China’s internationalisation strategy has seen it establish branches or subsidiaries in 16 countries within Europe.
MDS, a leading technology company which specialises in developing billing and analytics software for the telecommunications industry today celebrated its 20th year anniversary of doing business from Limerick with its CEO Gary Bunney and a senior IDA delegation.
Chaucer, the specialist insurance group, today announces that the Central Bank of Ireland has approved the formation of a Dublin-based company that will trade under the name of Chaucer Dublin (incorporated in Ireland as Chaucer Insurance Company DAC) to write international specialty insurance and reinsurance business.
IDA Ireland has welcomed today’s joint-announcement by Bristol-Myers Squibb and South Korean company SK Biotek Co., Ltd of agreement for SK Biotek to acquire Bristol-Myers Squibb’s Active Pharmaceutical Ingredients (API) Manufacturing Facility in Swords, Co Dublin.
IDA Ireland today congratulated BNY Mellon, a global leader in investment management and investment servicing, on 15 years of operations in Wexford. BNY Mellon’s Irish operations currently employ over 1,600 people and offer a broad range of services including asset servicing, alternative investment services and corporate trust.
The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor; Minister for Finance Michael Noonan and Northern Trust (Nasdaq: NTRS) today announce that the company is to further expand its operations in Limerick by adding up to 400 new jobs over the next five years. The expansion is supported by the Department of Jobs through IDA Ireland and marks the fourth time Northern Trust has significantly expanded its operations in Limerick.
CHALFONT ST. GILES, UK and Dublin, IRELAND – 8 June 2017 - The National Institute for Bioprocessing Research and Training (NIBRT) and GE Healthcare have today opened a new training center, where up to 1,500 professionals are expected to receive training annually. The NIBRT-GE Single-Use Centre of Excellence features the latest technologies that will further boost bio manufacturing skills and expertise in Ireland, Europe and globally.
08th June 2017- Smartbox Group, the European leader in the experience gift market, today announced that it will create 100 new jobs as part of its future growth plans for its Dublin office, which is based off Talbot Street, Dublin 1. This project is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
Martin Shanahan, CEO at IDA Ireland who is currently meeting with IDA clients in India said: “This has been a remarkable week for foreign direct investment across Ireland. It is hugely encouraging to see that the flow of multinational companies choosing Sligo, Carlow, Cork and Dublin as their destinations of choice has continued, despite global economic headwinds.”
May 30th, 2017 - IDA Ireland today welcomed the news that Ireland ranks 6th of the 63 countries benchmarked in the 2017 IMD World Competitiveness Yearbook. This means that Ireland has moved up one place in overall competitiveness from last year’s ranking.
Zurich, Switzerland, May 31 and Osaka, Japan, June 1, 2017 — Takeda Pharmaceutical Company Limited (“Takeda”, TSE: 4502) announced today that a groundbreaking ceremony had been held for its new production facility at the existing Grange Castle site in Ireland.
IDA Ireland today welcomed Grant Thornton’s announcement that it is to create 250 new jobs across all areas of its business operations in Ireland. A significant number of the new posts will be in its Centre of Excellence, which provides a new framework for the delivery of global compliance and reporting services, from its base in Ireland.
MSD, known as Merck in the U.S. and Canada, today announced that it will create 330 new jobs and invest €280 million over the next three years at two of its Irish manufacturing sites - important links in MSD’s global network of manufacturing plants. MSD maintains headquarters for the company and manufacturing division in the U.S.
Global healthcare company Abbott will relocate its Irish Nutritional Devices business from its existing base at Ballytivnan, Sligo, to a new, purpose-built IDA Ireland Advance Technology building located in the Finisklin industrial estate.
26th May 2017 - IDA Ireland welcomes Legal & General Investment Management's (LGIM) decision to choose Ireland, subject to regulatory approval, for part of their investment management operations. The decision is part of LGIM’s strategy to ensure it can continue to serve its customers, both in Ireland and across the EU, after the UK leaves the European Union.
Dublin, Ireland – 25th May, 2017 - Pitney Bowes Inc., a global technology company, has today announced plans to open a new Operations Centre in Dublin that will house a three-year multi-million euro R&D project focused on developing a next generation e-commerce and payments platform for global brands.
DUBLIN, Ireland – May 24 2017 – Irish travel software company and wholly owned subsidiary of Chinese technology firm TravelSky, OpenJaw Technologies, (www.openjawtech.com) announced today, plans to double its global workforce from 230 to 450 employees in the next three years, with at least 50 of the jobs being located at the company’s offices in Dublin and Galway.
IDA Ireland today launched a report detailing a new national vision and strategy for the Global Business Services (GBS) sector. The latest strategy is being driven by a new wave of digital disruptors which are currently impacting the industry and will shape its future over the next 5 years.